Terrafina draws down on revolver to help fund portfolio acquisitions

By Wendy Van Sickle

Columbus, Ohio, Jan. 17 – Terrafina drew down on its revolving credit facility to fund part of its purchase of two portfolios of properties for a total of $422 million, according to a press release.

The company also used cash on hand to pay for the acquisitions, which comprised a portfolio 45 properties in the main Mexican industrial markets and a portfolio of six properties in the Bajio region.

Terrafina is a Mexico City-based real estate investment trust with a focus on industrial properties. It is externally advised by Prudential Real Estate Investors.

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